Am actually trying to read through tons of info atm and figure out if this has anything to do with it:
Thing is, global shipping, commodities etc have all been dropping for a while now, the only thing staying inflated is the stock market which, over the last 10 years has been the main beneficiary every time new money is farted into existence by central banks.
That makes stocks a very bad indicator of the strength of the global economy.
So here’s my thinking, at this time…the inevitable is happening.
We’re about to move into another (possibly even larger) financial meltdown, and a lot of people are going to be looking for ways to secure and move their wealth in an attempt to dodge the upcoming capital controls which are going to be imposed all over the place.
This could also be the time we see Russia and China move to their new gold backed trading system, bypassing the $ altogether. Quite what that means for the lives of ordinary Americans I can’t really say, beyond the speculation put forward by many economists, and if you’ve read anything over the last few years you know what they’re suggesting.
Now, I’m not predicting the end of the world or anything (despite all the war and chaos etc)but I am pondering if this could be the starting point of a new world order which isn’t quite the NWO many of our overlords wanted to create and thought they could control.
For the record, I’m basing all my personal assumptions on Austrian economics. If you’re Keynesian, you probably assume a new round of magic money farting will balance the books and make all well again.
Who knows, but this oil price decline could well usher in a period of instability such as we’ve not seen in this generation and now we have bitcoin, perhaps this really is the time it gets to shine.
That or we all wake up next week to find it’s trading at 0 and our expensive mining computers are expensive doorstops…